Corporate Village Malta presented in London

During the event, organised with the support of Malta’s High Commissioner in London Joe Zammit Tabona, Malta Enterprise executive chairman Alan Camilleri gave details of the project as it is being proposed and explained what the involvement of the private sector would be.

Since its launch, interest in the project has been widespread, with various requests for information or clarifications reaching Malta Enterprise – the driver behind the project and the corporationresponsible to oversee, coordinate and facilitate itsexecution.

Malta Enterprise is currently receiving expressions of interest from prospective investors until September 3, 2010. This will be followed by a request for proposals and eventually by the choice of the preferred bidder, who will then be entrusted with the detailed design, development, operation and marketing of Corporate Village Malta.

Government is guaranteeing a minimum 30 per cent tenancy of the office facilities at the Corporate Village, which is expected to carry an investment ranging between €150 and €200 million.

“Whilst we will only know the exact amount of expressions of interest submitted once this process closes, the response we are getting is very encouraging, whether at events we are participating in abroad as well as during meetings we continuously have with an eye to attracting investment,” Mr Camilleri said.

With the Mriehel area increasingly shifting from an industrial zone to a commercial hub, particularly within the financial services sector, this unique urban regeneration project is expected to become the focal point of the central business district in the country.

“The services being provided in the location are compatible with the vision of a business and financial hub for the islands. According to Vision 2015+, this is one of the sectors in which the island is to become a centre of excellence,and the establishment of Corporate Village Malta will further enhance this emerging trend,” Mr Camilleri added.

The projectsets out to make an appropriate statement of excellence by its own innovative design and architecture, and the architects who have drafted the concept have come up with an iconic designthat is also a leading landmark energy-efficient building.

This concept was chosen as the best Smart City Europe project in the Real Estate Awards held in Milan, Italy, for the creation of future cities built on sustainability and urban integration, beating off competition from Moscow's $4 billion Metropoliya Business District and the Varyap Meridian in Istanbul.

Interested parties have been invited to respond to the expression of interest, which runs until September 3, 2010 and is available on www.corporatevillagemalta.com.